A new study released by the World Travel & Tourism Council (WTTC), which for the first time analyses the economic and employment impact of Travel & Tourism in cities, shows that Travel & Tourism can drive up to a third of all employment and half of GDP in the economies of top North American tourist destinations.
The study also looks at city’s share of tourism GDP in relation to the contribution of Travel & Tourism to GDP for each of the three countries of North America. For example, Mexico City generates more than a quarter of Mexico’s Travel & Tourism GDP. Toronto generates 16% of Canada’s Travel & Tourism GDP. And added together, New York, Orlando, Las Vegas, Los Angeles, Chicago, San Francisco, Honolulu and Washington DC to generate 20% of the US’ Travel & Tourism GDP.
Click here to read the full article.